Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Rises By 38.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 24,563 shares, an increase of 38.4% from the November 30th total of 17,744 shares. Based on an average daily trading volume, of 162,248 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 162,248 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently modified their holdings of the company. CX Institutional purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth about $28,000. Colonial Trust Advisors boosted its position in First Trust High Yield Opportunities 2027 Term Fund by 300.0% during the third quarter. Colonial Trust Advisors now owns 3,000 shares of the company’s stock worth $43,000 after acquiring an additional 2,250 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 466.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock worth $90,000 after acquiring an additional 5,000 shares during the period. Ameritas Advisory Services LLC purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth approximately $110,000. Finally, Daymark Wealth Partners LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at $160,000.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

First Trust High Yield Opportunities 2027 Term Fund stock traded down $0.01 during mid-day trading on Tuesday, hitting $14.10. 148,200 shares of the company were exchanged, compared to its average volume of 102,655. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $12.84 and a 12-month high of $14.98. The business’s 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $14.39.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 26th. Investors of record on Friday, January 2nd will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Friday, January 2nd.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company organized as a diversified term fund. Scheduled to terminate in 2027, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through a portfolio of fixed-income securities. It operates under the management of First Trust Advisors L.P., a subsidiary of First Trust, and utilizes professional research and risk-management processes to construct its holdings.

The fund primarily invests in U.S.